What I am missing is how worth is truly valued.
Instagram, has 0 physical assets, it is all IP, and at that, it is IP that is old and has been done countless times over.
How can a company like that be worth 1 Billion Dollars? The company I work for in Alaska is the Incumbent Phone Carrier up here. We have 2 Large Fiber Runs connecting Alaska to the Lower48, and we are only worth $730 Million. They don't even charge for their service. Where does their Revenue come from?
It is back to the .com bubble again on the market.